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Euclid council approves settlement with school board over shared income tax
Summary
The council voted to authorize a settlement with the Euclid Board of Education resolving a long-running dispute over interpretation of a shared-use agreement for municipal income tax revenue; the settlement allocates 30% of certain tax revenue to the school district beginning Jan. 1, 2025.
The Euclid City Council voted Monday to approve an emergency ordinance authorizing the mayor to sign a settlement agreement resolving a lawsuit with the Euclid Board of Education over the interpretation of a shared-use agreement for municipal income tax revenue.
Under terms described at the meeting, 30% of income tax revenue for residents who receive a tax credit for working outside the city will be distributed to the Board of Education, with that calculation effective Jan. 1, 2025. The…
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